Braeburn Capital
Braeburn Capital Inc.
McCarran Boulevard in Reno.
Wiki English | |
| Company type | Subsidiary |
|---|---|
| Industry | Asset management Investment management |
| Founded | October 3, 2005 in Reno, Nevada, United States |
| Headquarters | Reno, Nevada , United States |
| AUM | US$268.9 billion (2017) |
| Parent | Apple Inc. |
| Website | braeburncapital |
History
Apple created the company on October 3, 2005 to better manage its assets and to avoid certain California state taxes and taxes from other U.S. states totaling in millions of dollars.
Capital
| Year | Value (billion USD) |
|---|---|
| 2005 | 8.3 |
| 2006 | 10.1 |
| 2007 | 18.45 |
| 2008 | 24.49 |
| 2009 | 33.99 |
| 2010 | 51.01 |
| 2011 | 81.57 |
| 2012 | 121.25 |
| 2013 | 146.76 |
| 2014 | 155.24 |
| 2015 | 205.67 |
| 2016 | 237.59 |
| 2017 | 268.90 |
| 2018 | 237.10 |
| 2019 | 205.9 |
| 2020 | 191.8 |
| 2021 | 190.5 |
In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.
Name
The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.
Personnel
Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.
References
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